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BFB partners with US real estate fintech start-up


Bahrain FinTech Bay (BFB) and the Fintech Consortium (FTC) have announced a strategic partnership with OffrBox, a New York City-based Fintech start-up that has developed an end-to-end real estate transaction platform on which one can buy and sell ...


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BFB partners with US real estate fintech start-up if ((navigator.userAgent.match(/iPhone/i)) || (navigator.userAgent.match(/iPod/i)) || (navigator.userAgent.match(/Android/i)) || (navigator.userAgent.match(/Blackberry/i))) { window.location = "http://www.tradearabia.com/touch"; } var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-21137146-1']); _gaq.push(['_trackPageview']); (function () { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); var bust = Math.floor(89999999*Math.random()+10000000); var millis = new Date().getTime(); var referrer = encodeURIComponent((window!=top&&window.location.ancestorOrigins)?window.location.ancestorOrigins[window.location.ancestorOrigins.length-1]:document.location); document.writeln('); document.writeln('); Monday 5 February 2018 Home Trade News Trade News Construction & Real Estate Energy, Oil & Gas Finance & Capital Market Industry & Logistics IT & Telecommunication Health & Environment Media & Promotion Motoring Retail & Wholesale Travel, Tourism & Hospitality Lifestyle Analysis, Interviews, Opinions Miscellaneous Other Sectors Business Directory Contact Advertise Newsletter Premium Content document.write(''); document.write(''); Home   » Construction & Real Estate   » Story BFB partners with US real estate fintech start-up MANAMA, 17 hours, 59 minutes ago Bahrain FinTech Bay (BFB) and the Fintech Consortium (FTC) have announced a strategic partnership with OffrBox, a New York City-based Fintech start-up that has developed an end-to-end real estate transaction platform on which one can buy and sell residential properties online. OffrBox was featured as one of New York City’s Top 50 Startups to Watch in 2017. It has created an online market where participants looking to buy or sell residential real estate can list, search and review properties on the OffrBox online platform. The unique value proposition to customers is that once a property has been identified, participants can review detailed property documentation, negotiate the purchase price, and then complete their contract process and deal closing via the platform. It reduces wasted time and frustration by creating a seamless transaction flow from initial offer to the actual purchase closing. Maissan Al Maskati, the chairman of Fintech Consortium, said: "We are delighted to bring OffrBox to BFBReal estate is an important sector in the kingdom and wider GCC region, and we believe OffrBox’s innovative technology can help modernise the sector and generate greater efficiency by streamlining real estate transactions and reducing their costs significantly." OffrBox will bring its capabilities to Bahrain and contribute its knowledge and technology towards the development of the country’s fintech ecosystem. OffrBox is currently expanding the platform to integrate real estate financing and blockchain for title registrationThese added modules will enable buyers and sellers to experience a streamlined real estate transaction process with automated clearing and settlement of loan funding for purchases and digitized title transfer and registration at closing.    Eric Andrew, the president and founder of OffrBox, said: "We have taken much note and interest in Bahrain and its regional leadership position in Fintech." "Specifically, we believe that BFB offers us a unique opportunity to deploy the OffrBox platform, enhance its capability through local innovation, and work with industry to develop leading technology for real estate investment," stated Andrew, a real estate investor with over 15 years of experience. OffrBox, he stated, has been set up with a mission to simplify real estate investing for all people  It was created by a team of real estate professionals, tech wizards, and marketing gurus who have over 100 years of real estate experience. Since launching in July 2016, OffrBox has listed 5,762 properties in over 1,300 cities with a total value of $563 million, he added.-TradeArabia News Service document.write(''); Tags: US real estate | More Construction & Real Estate Stories Bahrain Airport issues tender for security fencing Aramco completes 1.7-km Corniche project L&T wins Oman residential project contract UAE unveils plan to build 7,200 new homes in 3 years KEO wins certification for project management services Beale & Company boosts Dubai construction team Diyar Al Muharraq infrastructure project work on track Egypt sets up new real estate development company Dubai 'must push more rent-to-own schemes' MAG Lifestyle awards Dubailand project contract Al Maha Ceramics unveils new polishing lines RTA opens two major bridges in Dubai RAK road project on track for Q2 opening NuPower to launch novel tech at Gulf Industry Fair World Bank backs $210m Baghdad water supply project Vinci wins big Senegalese power project contract Metito wins KAEC seawater desalination plant contract Depa signs up Shuaa Capital as liquidity provider Union Coop to help fund elderly homes maintenance Al Jaber nears $1.6bn debt restructuring deal RAK unveils world's longest zip line cable Dubai issues new law to regulate MRHE property sales $1.1bn Egypt cement plant to start operations soon 2018 'year of change' for Dubai’s real estate market Sharjah to develop new food and entertainment district Bauer Resources signs up as Masdar consortium partner MDO, Mawarid Mining agree JV for minerals exploration Kuwait plans to spend $500bn on big oil projects Italian group Gemelli to build 300-bed hospital in Oman Baytik Industrial Oasis to take part in Gulf Industry Fair document.write(''); { "@context": "http://schema.org", "@type": "NewsArticle", "headline": "BFB partners with US real estate fintech start-up", "alternativeHeadline": "BFB partners with US real estate fintech start-up", "image": ["source/2018/02/04/bfb.jpg"], "datePublished": "2018-02-04 15:35:14", "articleBody": " Bahrain FinTech Bay (BFB) and the Fintech Consortium (FTC) have announced a strategic partnership with OffrBox, a New York City-based Fintech start-up that has developed an end-to-end real estate transaction platform on which one can buy and sell residential properties online. OffrBox was featured as one of New York City’s Top 50 Startups to Watch in 2017. It has created an online market where participants looking to buy or sell residential real estate can list, search and review properties on the OffrBox online platform. The unique value proposition to customers is that once a property has been identified, participants can review detailed property documentation, negotiate the purchase price, and then complete their contract process and deal closing via the platform. It reduces wasted time and frustration by creating a seamless transaction flow from initial offer to the actual purchase closing. Maissan Al Maskati, the chairman of Fintech Consortium, said: "We are delighted to bring OffrBox to BFBReal estate is an important sector in the kingdom and wider GCC region, and we believe OffrBox’s innovative technology can help modernise the sector and generate greater efficiency by streamlining real estate transactions and reducing their costs significantly." OffrBox will bring its capabilities to Bahrain and contribute its knowledge and technology towards the development of the country’s fintech ecosystem. OffrBox is currently expanding the platform to integrate real estate financing and blockchain for title registrationThese added modules will enable buyers and sellers to experience a streamlined real estate transaction process with automated clearing and settlement of loan funding for purchases and digitized title transfer and registration at closing.    Eric Andrew, the president and founder of OffrBox, said: "We have taken much note and interest in Bahrain and its regional leadership position in Fintech." "Specifically, we believe that BFB offers us a unique opportunity to deploy the OffrBox platform, enhance its capability through local innovation, and work with industry to develop leading technology for real estate investment," stated Andrew, a real estate investor with over 15 years of experience. OffrBox, he stated, has been set up with a mission to simplify real estate investing for all people  It was created by a team of real estate professionals, tech wizards, and marketing gurus who have over 100 years of real estate experience. Since launching in July 2016, OffrBox has listed 5,762 properties in over 1,300 cities with a total value of $563 million, he added.-TradeArabia News Service " } document.write(''); Calendar of Events $.ajax({ url: "http://www.tradearabia.com/events/event_dates", data: "action=showdates", dataType: "json", success: function(calendarEvents){ $("#calendar").datepicker({ onSelect: function(dateText, inst) { //datepickval = $("#calendar").datepicker( "getDate" ); //var myDate = new Date(datepickval); window.location = "http://www.tradearabia.com/events?country=%25&from="+dateText+"&to="+dateText; }, minDate: "-1", maxDate: "455", dateFormat: 'yy-mm-dd', // [rows, columns] if you want to display multiple calendars. numberOfMonths: [1, 1], showCurrentAtPos: 0, beforeShowDay: function (date){ for (i = 0; i document.write(''); Tools Exchange Rates Weather Forecast BBC World Service Ads Sectors | Information | About Us | Construction & Real Estate Energy, Oil & Gas Finance & Capital Market Industry & Logistics IT & Telecommunication Health & Environment Motoring Retail & Wholesale Travel, Tourism & Hospitality Government & Laws Media & Promotion Back to top Trade News Newsletter Events Business Directory TradeArabia Network Advertising Contact Feedback Privacy Statement Terms of Service Web Feeds

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